Binance is facing tax evasion charges in Nigeria. Here's a breakdown of the situation:
* **Accusations:** Nigerian authorities accuse Binance of four tax offenses:
* Not paying Value-Added Tax (VAT)
* Not paying company income tax
* Failing to file tax returns
* Helping customers avoid taxes through their platform
* **Detention and Escape:** Two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, were detained by the Nigerian government. Anjarwalla, who has dual citizenship in the UK and Kenya, reportedly escaped custody last week while being escorted for prayers.
* **Source:** This news became public on March 25, 2024. You can find more details from news outlets like CoinDesk [https://www.coindesk.com/policy/2024/03/25/nigeria-charges-binance-with-tax-evasion-reports/](https://www.coindesk.com/policy/2024/03/25/nigeria-charges-binance-with-tax-evasion-reports/).
It's important to note that these are just accusations, and the situation is ongoing.
